Jun 10, 2014

Hillary Clinton left White House broke and in debt

Hillary Clinton left White House broke and in debt. Former US First Lady Hillary Clinton has made the extraordinary claim that she and husband Bill Clinton were not only broke when they left the White House but in serious debt.

Clinton was defending herself and her husband charging $US200,000 a pop ($215,000) for speaking engagements since they left 1600 Pennsylvania Avenue in 2001.

“We came out of the White House not only dead broke, but in debt,” she told US ABC’s Diane Sawyer. “We had no money when we got there, and we struggled to, you know, piece together the resources for mortgages, for houses, for Chelsea’s education.”

Clinton is promoting her book Hard Choices ahead of what many believe will be her own run for the White House in 2016.

CNN reported that Bill Clinton had earned $US106 million in fees from speaking engagements since leaving the White House and made $US17 million from 72 speeches in 2012 alone.

It said he had once charged $US750,000 for a single speech.

“Bill has worked really hard - and it’s been amazing to me - he’s worked very hard,’ Hillary Clinton said. “First of all, we had to pay off all our debts, which was, you know, he had to make double the money because of obviously taxes and then pay off the debts and get us houses and take care of family members.”

The Clintons are believed to be worth between $US100 million and $US200 million currently.